London close: More gains for Footsie after well-received results
2nd Nov 2010 16:36
A strong performance on Wall Street ahead of the US Federal Reserve's decision on whether to increase monetary stimulus measures - not to mention the mid-term election - helped sustain good gains in London. Sentiment here was buoyed by well-received results from some big names. Beleaguered oil gia
Read moreLondon afternoon: Footsie consolidates gains
2nd Nov 2010 14:26
Footsie moved sideways over the lunch time session, as investors digested a busy morning of big company announcements. Beleaguered oil giant BP comfortably beat third quarter profit forecasts though it has had to take an additional $7.7bn charge in respect of the Gulf of Mexico oil spill. The marke
Read moreBroker tips: Lloyds Banking, IMPs, Reckitt
2nd Nov 2010 13:27
Investment house Killik has reiterated its positive recommendation on Lloyds Banking Group after the part nationalised lender's interim management statement indicated things are ticking along much as expected. "The Lloyds investment case is a simple one of recovery from the impact of the financial
Read moreBroker snap: Recovery stock Lloyds attractively valued
2nd Nov 2010 13:26
Investment house Killik has reiterated its positive recommendation on Lloyds Banking Group after the part nationalised lender's interim management statement indicated things are ticking along much as expected. "The Lloyds investment case is a simple one of recovery from the impact of the financial
Read moreFTSE 100 movers: Imperial Tobacco beats expectations
2nd Nov 2010 12:54
Cigarettes maker Imperial Tobacco topped market forecasts with its full year profits, and sharply reduced its debt. Adjusted profit before tax in the year to 30 September rose 10% to £2,467m from £2,233m the year before. The market had pencilled in a figure of £2.320m. Net debt was reduced by £1.5
Read moreLondon midday: Footsie builds on gains
2nd Nov 2010 12:15
Footsie has built on its earlier gains as investors react positively to updates. Beleaguered oil giant BP comfortably beat third quarter profit forecasts though it has had to take an additional $7.7bn charge in respect of the Gulf of Mexico oil spill. The market had been expecting underlying net in
Read moreLondon open: Big guns lift Footsie
2nd Nov 2010 08:55
Results from the big guns reporting this morning have generally been favourable, helping Footsie to notch up decent gains so far. Beleaguered oil giant BP comfortably beat third quarter profit forecasts though it has had to take an additional $7.7bn charge in respect of the Gulf of Mexico oil spill
Read moreLloyds on track despite 'subdued' loan demand
2nd Nov 2010 07:05
Better margins at its core banking business and bad debts under control kept state-controlled bank Lloyds' recovery on track over the past three months, despite 'subdued' loan demand. "We continue to monitor the economic environment carefully but notwithstanding this we are pleased to be reporting
Read moreLondon pre-open: Big guns overshoot targets
2nd Nov 2010 07:02
Results from the big guns reporting this morning have generally been favourable, but the Footsie is still tipped to open a few points lower, with traders reluctant to over commit ahead of today's US mid-term elections, not to mention the big decisions on quantitative easing from the Bank of England
Read moreLondon close: US breathes life back into Footsie
1st Nov 2010 16:42
A good early performance from Wall Street helped Footsie snap out of a weak spell to close in positive territory. US shares were boosted by a bigger than expected rise in factory output in October. The Institute for Supply Management's manufacturing index rose to 56.9 last month. Analysts thought
Read moreLondon afternoon: Banks and miners lead advance
1st Nov 2010 15:14
Footsie pulled out of its late morning slump over the lunch time session to move firmly back into positive territory, though investors are still reluctant to commit too heavily ahead of tomorrow's mid-term US elections, and the quantitative easing decisions expected this week from the Bank of Englan
Read moreLondon midday: Footsie subdued after buoyant start
1st Nov 2010 12:02
Footsie has failed to rediscover its early-morning buoyancy and sits in the blue by a few points. Among the laggards is Serco. The company, which carries out work for the government such as operating prisons and London's Docklands Light Railway, has taken a knock after it was forced to make a grove
Read moreLondon open: Footsie charges higher
1st Nov 2010 08:32
High demand for banks and miners got the week off to a good start, offsetting weakness in the outsourcing sector. Banks are going well as trading updates loom. Lloyds Banking Group is getting ready for tomorrow's statement with a 2% jump, while Royal Bank of Scotland and HSBC are also making up gr
Read moreLondon close: Bad day ends badly
27th Oct 2010 16:12
London ended the day heavily in the red as a triple-digit fall on Wall Street knocked an attempted rally by Footsie firmly on the head. Reports suggesting that any new stimulus in the US will be smaller than expected hit the miners with Kazakhmys, Xstrata and Rio Tinto the worst performers. Britis
Read moreFTSE 100 movers: Gold price fall pushes miners lower
27th Oct 2010 14:14
Miners are leading the Footsie lower. Gold is falling in price because of fears that the US Federal Reserve's much anticipated monetary easing programme will be less substantial than expected. That is also pushing the dollar higher. Kazakhmys, Xstrata and Vedanta Resources are the biggest faller
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